Recent content by mechanicaldaytrader

sure Lisa..I sent you a PM; maybe I could send out some charts for you to see some basic concepts work over and over. Glad to help. Stuart

YM is the emini dow contract, it trades for $5 per point on the CBOT; $500 daytrading margin at global futures. The Dow trades around 4 institutional stops at any given time (those are the codes) ; there are a total of 6 stops in each 24 hr day. Dow is just spinning it's wheels right now...

channel trading only works when the current trading range/trend continues; An Uptrend will continually test the support channel and then attempt a higher high, opposite for downtrends. Unfortunately, index markets also move in trading ranges that retrace or create reversal points that are...

More 15 Charts -- July 15th to August 13th Now that you've learned the trading rules, let's put them into practice; Look for 100% retracements within 2 trading days (yellow to yellow [sell entry], cyan to cyan [buy entry], cyan to green [buy entry], yellow to green [sell entry]); After you've...

hey 4X, there's no ire in my statement, merely factually backing up what Tradestation will plot on the 15 minute chart real time. What I present is not a system but a way of thinking that only works on one market and can be backtested ad finitum. If anyone knows of free Tradestation...

.....free....duh.... The KEY REVERSAL15 showme will run on your Tradestation platform - you'll need to subscribe to the data, which is the CBOT EMINI INDEX futures ($10 per month for real time). If you have those current resources on your PC, you can contact me and I will send the encrypted...

Determing the Multiple Day Market Condition The Dow Cash Index is used for the most objective view of the market; the EMINI DOW will merely reflect the overbought and oversold aspects of the Dow Cash. I only look at the daily bars of the Cash, lots of traders like to use the 15 min and 60 min...

Uptrends -analysis of post #2 attached is the same chart as included in post #2, except with trading analysis. Overbought market conditions are sold (coequal/descending yellow lines when the market condition is a trading range or a likely retrace down to a elevated cyan line (see 7/8)...

UPTRENDS - How To Read a 15 Minute Chart ok, let's look at the graphic; Uptrends must create higher highs each day coequal or rising cyan plots must stop downward retracements followed by a robust movement upward. What days met these rules? 7/8 7/9 7/12 7/13...no trade entry and notice...

I'm stuck between airports today, the internet is working fine, so I'm going to freely present some trading methodologies I've used and demonstrate how these methods work on a 100% technical chart. Stop losses are less than $50 and profit objectives are $200 to $500 per trade (hopefully!)...

...btw...my experience is that the S & P 500 index is the most complex index to trade due to the different time frames of the many players in the index. Suggest searching for a more simple "play".

Indicators will be "liars" if they are not used properly - the way I learned to trade followed the path stated below: How much time occurs before the institutions that control the market reverse? Once you find out the answer to that question, then line up a few indicators to confirm this...

Interesting read about the Dow....if US economic policy reverses (due to elections most likely) some of this long term bad karma may be avoided...near future "pain" in equities is in the cards, imo. Get ready for Dow 6000 comrades...it may not be a straight down plunge, likely violent peaks...

Summer 2010 (August) The Dow Jones Cash Index has completed a perfect Head & Shoulders pattern; check out the chart analysis that is attached. Institutions are net short as of the close of August 9th and the open of August 10th. MechanicalTrader

...just to clarify, when I spoke of the AM high being untouched, I was referring to the 'futures' AM High...recently that has been near 9280 and now today 9180...trading systems are short from 9280 for sure...(for how many days we don't know) good post vinicius...food for thought... The...